Tiaa Fsb cut its stake in shares of Applied Materials, Inc. (NASDAQ:AMAT) by 13.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 30,480 shares of the manufacturing equipment provider’s stock after selling 4,782 shares during the quarter. Tiaa Fsb’s holdings in Applied Materials were worth $1,178,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in AMAT. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp grew its stake in shares of Applied Materials by 75.4% in the first quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 30,700 shares of the manufacturing equipment provider’s stock worth $1,707,000 after purchasing an additional 13,200 shares during the last quarter. Handelsbanken Fonder AB bought a new stake in shares of Applied Materials in the first quarter worth $7,463,000. Brown Advisory Inc. lifted its holdings in Applied Materials by 59.1% in the first quarter. Brown Advisory Inc. now owns 33,260 shares of the manufacturing equipment provider’s stock valued at $1,849,000 after buying an additional 12,359 shares during the period. Private Trust Co. NA acquired a new position in Applied Materials in the second quarter valued at $636,000. Finally, Washington Trust Bank lifted its holdings in Applied Materials by 2.9% in the second quarter. Washington Trust Bank now owns 152,144 shares of the manufacturing equipment provider’s stock valued at $7,028,000 after buying an additional 4,332 shares during the period. 77.46% of the stock is owned by institutional investors and hedge funds.

Several research firms recently issued reports on AMAT. Zacks Investment Research lowered shares of Applied Materials from a “hold” rating to a “sell” rating in a report on Wednesday, October 17th. BidaskClub lowered shares of Applied Materials from a “hold” rating to a “sell” rating in a report on Friday, July 6th. ValuEngine lowered shares of Applied Materials from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Susquehanna Bancshares dropped their target price on shares of Applied Materials from $73.00 to $65.00 and set a “positive” rating on the stock in a report on Monday, July 9th. Finally, Citigroup dropped their target price on shares of Applied Materials from $78.00 to $73.00 and set a “buy” rating on the stock in a report on Friday, July 13th. Three analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $61.95.

Shares of NASDAQ AMAT opened at $34.29 on Monday. Applied Materials, Inc. has a 1-year low of $32.78 and a 1-year high of $62.40. The stock has a market cap of $33.71 billion, a PE ratio of 10.55, a P/E/G ratio of 0.90 and a beta of 1.49. The company has a current ratio of 2.52, a quick ratio of 1.67 and a debt-to-equity ratio of 0.78.

Applied Materials (NASDAQ:AMAT) last announced its quarterly earnings data on Thursday, August 16th. The manufacturing equipment provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.03. Applied Materials had a net margin of 19.87% and a return on equity of 58.23%. The firm had revenue of $4.47 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same quarter in the prior year, the business earned $0.86 earnings per share. The business’s quarterly revenue was up 19.3% compared to the same quarter last year. Equities analysts anticipate that Applied Materials, Inc. will post 4.45 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Friday, November 23rd will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, November 21st. This represents a $0.80 annualized dividend and a dividend yield of 2.33%. Applied Materials’s dividend payout ratio is currently 24.62%.

Applied Materials Profile

Applied Materials, Inc provides manufacturing equipment, services, and software to the semiconductor, display, and related industries worldwide. It operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells a range of manufacturing equipment used to fabricate semiconductor chips or integrated circuits.

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Institutional Ownership by Quarter for Applied Materials (NASDAQ:AMAT)

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